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5/17/13

Italy freezes hated property tax, doesn’t say how will make up shortfall

Italy’s coalition government is to freeze a controversial property tax, abolish the double salary received by government ministers who are also members of parliament and has pledged one billion euros to boost unemployment benefits for workers placed in special temporary redundancy schemes.

Prime Minister Enrico Letta’s centre right coalition partners wanted the property tax scrapped but at a news conference on Friday he said only that the payments due in June are being pushed back to September.

He said that “the end of August is now the deadline for the coalition government to reform the property tax”.
Letta did not say where he would find the two billion euros that was due to come from that property tax. That money is needed to help cash-strapped local authorities fund their municipal services.

Read more: Italy freezes hated property tax, doesn’t say how will make up shortfall | euronews, economy

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